SunLink Health Systems, Atlanta, said its board hired SunTrust Robinson Humphrey to evaluate strategic alternatives for the company, including a sale, merger, acquisitions or other transactions. The board said in a statement that the company's business plan is working, but it is in the best interests of shareholders to consider alternatives. SunLink has received two offers to buy the company in the past two years. Earlier this year, private equity firm North Atlantic Value, London, offered to acquire all SunLink stock for $11 per share. SunLink executives said the bid undervalued the company. And in February 2004, Attentus Healthcare, Franklin, Tenn., offered $4 per share for SunLink, which rejected the bid. SunLink operates seven hospitals in four states. -- by Vince Galloro
SunLink to consider 'strategic alternatives'
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